presentation to the scott city chamber of commerce (august ... · population of scott city (1960...

Presentation to the Scott City Chamber of Commerce

(August 24, 2016)

24-County Service Area

Cape Girardeau-Sikeston, MO-IL Combined Statistical Area

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II

Real GDP Growth

6.1%

5.7% 5.6%5.4%

5.2%5.0% 4.9% 4.9% 4.8% 4.7% 4.7% 4.6%

0%

1%

2%

3%

4%

5%

6%

7%

14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II

Unemployment Rate

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

14:III 14:IV 15:I 15:II 15:III 15:IV 16:I 16:II 16:III 16:IV 17:I 17:II

Inflation Rate(percentage point change in the CPI from previous year)

Reasons for concern

Slower rates of….

- new business investment in the US

- new job creation in the US- economic growth in China

Reasons for optimism

- Low interest rates

- High level of employment

- Wage and salary growth

- Low gas prices

The Number of Jobs in the Cape-Sikeston CSA

40,000

45,000

50,000

55,000

60,000

65,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Average Weekly Wage and Salary Earnings in the Cape-Sikeston CSA

All values are adjusted for inflation with a base year of 2015. $600

$620

$640

$660

$680

$700

$720

$740

$760

$780

$800

200

0

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

The Number of Business Establishments in Cape-Sikeston CSA

3,500

3,700

3,900

4,100

4,300

4,500

4,700

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Year Employment % total

Education, health care, and social assistance 17,191 27.60%

Retail trade 7,940 12.70%

Manufacturing 7,868 12.60%Arts, entertainment, and recreation, and accommodation and food services 5,819 9.30%

Construction 3,947 6.30%Professional, scientific, and management, and administrative and waste management services 3,722 6.00%

Transportation and warehousing, and utilities 3,228 5.20%Finance and insurance, and real estate and rental and leasing 3,189 5.10%

Other services, except public administration 2,505 4.00%

Cape-Sikeston CSA employment by industry (2010-2014)

Year Population % Change

2015 4,526 (estimate) –0.9%

2010 4,565 –0.6%

2000 4,591 +7.0%

1990 4,292 +31.6%

1980 3,262 +32.4%

1970 2,464 +25.5%

1960 1,963 +7.0%

Population of Scott City (1960 – present)